Restructuring dents Xerox's 4Q earnings
Wednesday, January 26, 2011 - 10:30
in Mathematics & Economics
(AP) -- Xerox said its fourth-quarter earnings dipped 5 percent from a year ago, largely due to the costs of restructuring. A tepid outlook and the departure of long-time Chief Financial Officer Lawrence A. Zimmerman sent company shares down 7 percent, leading the S&P 500 lower.